IBA Annual Conference Rome 2018
7 Oct - 12 Oct 2018
Session Room C, Level -1
Session information
Clash of cultures: how cultural differences can impact on the relative success or failure of a corporation in financial distress seeking to restructure
Thursday 11 October (1615 - 1730)
Session Room C, Level -1
Committee(s)
Insolvency Section
(Lead)
Closely Held Companies Committee
Financial Institutions and Insolvency Subcommittee
Description
Corporations with cross-border interests looking to restructure both inside and outside of formal court proceedings face difficulties when the legal and cultural norms of the jurisdictions in which they operate are at best inconsistent, or worse, in conflict. This session will address the issues faced by these corporations in various jurisdictions, including but not limited to the attitudes of management, the treatment of creditors, the appetite for investment into corporations in financial distress, the existence of penalties against directors for failure to act and the existence of a legislative framework that facilitates restructurings, including early warning tools. The panel will discuss these issues and describe the manner in which they contribute to the success or failure of a restructuring.
Session / Workshop Chair(s)
| Cristina Fussi | De Berti Jacchia Franchini Forlani, Milan, Italy; Co-Chair, Financial Institutions and Insolvency Subcommittee |
| Robyn Gurofsky | Fasken, Calgary, Alberta, Canada; Vice Chair of Conferences, Insolvency Section |
Speakers
| Dr Harald Gesell | Oppenhoff & Partner RA StB mbB, Cologne, Germany |
| Olanipekun Orewale | AELEX, Lagos, Nigeria |
| Luciano Panzani | Rome Court of Appeal, Rome, Italy |
| Marcia Shekerdemian | Wilberforce Chambers, London, England |
| Xiangman Shen | Jingtian & Gongcheng Attorney at Law, Beijing, China; Membership Officer - China, Insolvency Section |